Debt Held by the Public as Share of GDP

Menzie Chinn
By Menzie Chinn of Econbrowser.com
Professor of Public Affairs and Economics at the University of Wisconsin •

Charting the amount of debt held by the public as a share of GDP. In this chart you can clearly see the deficit reduction discussed by President Biden in his State of the Union address.

From Treasury, and CBO.

 

Figure 1: Federal debt held by public, as share of potential GDP (blue), and as share of GDP (tan), in %. Source: Treasury via FRED, CBO (May 2022), and author’s calculations.

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